Borrower Bank Account. Borrower shall have opened a demand deposit account with HSBC Bermuda Bank Limited for the purpose of receiving charter hire under the Time Charter (the “Bulk Discovery Hire Account”).
Appears in 2 contracts
Samples: Loan and Guaranty Agreement (Pangaea Logistics Solutions Ltd.), Loan and Guaranty Agreement (Quartet Holdco Ltd.)
Borrower Bank Account. Borrower shall have opened a demand deposit account with HSBC Bermuda Bank Limited for the purpose of receiving from the Allseas Cash Deposit Account charter hire generated under the Time Charter, the Sub-Time Charter and the ED & F Charter (the “"Bulk Discovery Liberty Hire Account”").
Appears in 2 contracts
Samples: Loan and Guaranty Agreement (Pangaea Logistics Solutions Ltd.), Loan and Guaranty Agreement (Quartet Holdco Ltd.)
Borrower Bank Account. Borrower shall have opened a demand deposit account with HSBC Bermuda Bank Limited for the purpose of receiving from the Allseas Cash Deposit Account charter hire generated under the Time Charter, the Sub-Time Charter and the Cargill Charter (the “"Bulk Discovery Beothuk Hire Account”").
Appears in 2 contracts
Samples: Loan and Guaranty Agreement (Pangaea Logistics Solutions Ltd.), Loan and Guaranty Agreement (Quartet Holdco Ltd.)
Borrower Bank Account. Borrower shall have opened a demand deposit account with HSBC Bermuda Bank Limited for the purpose of receiving charter hire under the Time Charter (the “Bulk Discovery Cajun Hire Account”).
Appears in 2 contracts
Samples: Loan and Guaranty Agreement (Pangaea Logistics Solutions Ltd.), Loan and Guaranty Agreement (Quartet Holdco Ltd.)
